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7404 38th Ct E, Sarasota, FL 34243

3 beds • 2 baths • 2086 sqft

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This property looks like a bad Long-Term investment with a projected -3.26% first-year return on $111k initial cash invested.

-3.26%

Cash On Cash

5.5%

Cap Rate

0.95

DSCR

$3,679

Rent

-$301

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$527k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$105k

Closing costs

1%

$5,269

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,679

Total Expenses

$3,980

Mortgage P&I

69%

$2,532

Property Taxes

8%

$278

Home Insurance

5%

$192

HOA

1%

$21

Property Management

10%

$368

CapEx

5%

$184

Vacancy

6%

$221

Maintenance

5%

$184

Other

0%

$0

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